This comprehensive overview course provides a detailed walkthrough of the OnPoint Audit software, designed to enhance efficiency and accuracy in audit engagements. Participants will explore various features and functionalities, from setting up new engagements to managing tasks and queries, customizing audit procedures, and navigating transaction imports. The course also covers essential audit procedures, risk management, materiality assessments, and audit completion checklists, ensuring a thorough understanding of the entire audit process. Ideal for auditors and audit firms, this training equips users with the skills necessary to leverage OnPoint Audit for streamlined and effective auditing.
| Course Level |
Beginner |
| Length |
4 Hours (4 CPE) |
| Field of Study |
Auditing |
| Delivery Method |
Group Internet-Based |
| Prerequisites |
None |
After completing this training, participants will be able to:
- Create a new engagement within OnPoint Audit, including setting up engagment letters and customizing audit procedures based on industry-specific requirements.
- Utilize the task and issue management features to efficiently track and manage engagement progress.
- Analyze imported transaction data and configure it for effective auditing using OnPoint Audit’s built-in tools.
- Develop comprehensive risk assessments and identify significant risk factors through understanding the entity and its control environment.
- Implement appropriate audit responses and procedures for identified risks, ensuring compliance with auditing standards.
- Conduct substantive testing, including sample size calculation and selection, and document findings accurately.
- Employ OnPoint Audit’s analytics AI module to perform efficient and accurate journal entry testing.
- Complete audit engagement using provided checklists to ensure all key areas and procedures have been thoroughly addressed.
- Prepare draft financial statements by utilizing the financial statement setup checklist and understanding the rounding functionality.
- Review and finalize audit work, ensuring all necessary steps have been completed and documented, ready for partner sign-off.
Caseware International, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of the continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
nasbaregistry.org
For concerns regarding course offerings or certifications, please contact:
[email protected]
